The following announcement replaces the 'Director/PDMR
Shareholding' disclosure released on 2 May
2019 at 07.00am.
The only amendments made to the below announcement are to
include the notification of dealing tables for the respective
Directors included in the disclosure. All other information remains
unchanged. The amended announcement is set out in full below:
XP Power
Limited
(“XP Power” or the
“Company”)
Deferred Bonus
Plan – Vesting of 2016 Awards
The Company announces that on 1 May
2019, the following transactions were undertaken in
ordinary shares of the Company in connection with the maturity of
the 2016 Deferred Bonus Plan (“the Plan”). In accordance with the
Company’s Remuneration Policy each director deferred 50% of their
2016 annual cash bonus into options over shares in the Company,
with a vesting period of two years.
Director |
Number of shares
under option |
Number of shares
exercised |
Number of shares
sold |
|
|
|
|
Duncan Penny |
1,776 |
1,776 |
1,776 |
|
|
|
|
Andy Sng |
514 |
514 |
514 |
Following the transactions, Mr Penny’s
and Mr Sng’s interests in the Ordinary Shares of the Company
totalled 206,990 and 25,000 respectively.
1. |
Details of the person discharging
managerial responsibilities/person closely associated |
(a) |
Name |
Duncan Penny |
2. |
Reason for the
notification |
(a) |
Position/status |
Chief Executive Officer |
(b) |
Initial notification/ Amendment |
Amendment |
3. |
Details of the issuer |
(a) |
Name |
XP POWER LIMITED |
(b) |
LEI |
213800I7RWQ3FV72EZ26 |
4. |
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
(a) |
Description of the Financial Instrument |
Ordinary shares of £0.01 each |
(b) |
Identification code of the Financial
Instrument |
SG9999003735 |
(c) |
Nature of the transaction |
Exercise and sale of options |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,600 pence (sale price) |
1,776 shares |
|
|
|
(e) |
Aggregated information
-
Aggregated volume
- Price |
1,776 ordinary shares (exercised and sold)
2,600p per share (sale price) |
(f) |
Date of the transaction |
1 May 2019 |
(g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of the person discharging
managerial responsibilities/person closely associated |
(a) |
Name |
Andy Sng |
2. |
Reason for the
notification |
(a) |
Position/status |
Executive Vice President, Asia |
(b) |
Initial notification/ Amendment |
Amendment |
3. |
Details of the issuer |
(a) |
Name |
XP POWER LIMITED |
(b) |
LEI |
213800I7RWQ3FV72EZ26 |
4. |
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
(a) |
Description of the Financial Instrument |
Ordinary shares of £0.01 each |
(b) |
Identification code of the Financial
Instrument |
SG9999003735 |
(c) |
Nature of the transaction |
Exercise and sale of options |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,600 pence (sale price) |
514 shares |
|
|
|
(e) |
Aggregated information
-
Aggregated volume
- Price |
514 ordinary shares (exercised and sold)
2,600p per share (sale price) |
(f) |
Date of the transaction |
1 May 2019 |
(g) |
Place of the transaction |
London Stock Exchange |
Enquiries:
XP Power
Duncan Penny, Chief Executive
Officer +44 (0)118 976 5155
Gavin Griggs, Chief Financial
Officer +44 (0)118 976 5155
Citigate Dewe
Rogerson
+44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
Note to editors
XP Power designs and manufactures power controllers, the
essential hardware component in every piece of electrical equipment
that converts power from the electricity grid into the right form
for equipment to function.
XP Power typically designs power control solutions into the end
products of major blue-chip OEMs, with a focus on the industrial
(circa 44% of sales), healthcare (circa 22% of sales),
semiconductor manufacturing (circa 24% of sales) and technology
(circa 10% of sales) sectors. Once designed into a programme,
XP Power has a revenue annuity over the life cycle of the
customer’s product which is typically 5 to 7 years depending on the
industry sector.
XP Power has invested in research and development and its own
manufacturing facilities in China
and Vietnam, to develop a range of
tailored products based on its own intellectual property that
provide its customers with significantly improved functionality and
efficiency.
Headquartered in Singapore and
listed on the Main Market of the London Stock Exchange since 2000,
XP Power serves a global blue-chip customer base from 29 locations
in Europe, North America and Asia.
For further information, please visit xppower.com